Removing Commodity Restrictions, Sultan Encourages Government to Complete I-EU CEPA Negotiations

16 January 2023 oleh admin

dpd.go.id - Vice chairman of the House of Regional Representatives (DPD) RI Sultan B. Najamudin urged the Government to resume negotiations on the Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) by including the completion of Indonesia's commodity restrictions as one of the priority issues.

This was conveyed by the former chairman of HIPMI Bengkulu as a preventive step in preventing further trade confrontation between Indonesia and the European Union at this time. So there is no need for mutual lawsuits and restrictions on trade activities between the two countries.

"We have to admit that the European Union is one of Indonesia's strategic trade partners. We hope that this transregional bilateral relationship must be built and maintained with mutual respect and benefits," said Sultan through his official statement on Monday (16/01).

The European Union, he continued, is also a business partner with a significant contribution in increasing the number of foreign investment (FDI) in Indonesia. In maintaining the momentum of the commodity profit windfall, Indonesia also needs to be self-aware and not ignore the production standards required by Europe.

"We really appreciate the attitude of the Government of Indonesia who dared to show Indonesia's important position in international relations. As a nation, we are entitled to respect and fair treatment from other nations in the world," said Sultan.

Therefore, said Sultan, we need to negotiate and agree on a proportional and comprehensive trade standard for the two countries. I don't think Indonesia should hesitate to be the initiator of this decisive trade diploma greeting.

Launched on 18 July 2016, the I-EU CEPA Negotiations have taken place in 11 rounds, both in person and virtually. The 13th round is planned for early February 2023 in Indonesia.

The total trade between Indonesia and the EU in 2021 was recorded at USD 29.1 billion. In that period, Indonesia's exports to the EU were recorded at USD 18 billion while Indonesia's imports from the EU were USD 11.1 billion. (*)

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